The return to single-party government and a commitment to fast track economic reforms have boosted investor confidence in Turkey, though rising inflation and low growth rates could hamper the prospect of renewed fiscal and political stability.
The Middle East
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With a wave of new projects moving from the drawing board to the roll-out stage in Qatar’s Lusail City development, activity in the construction sector looks set to shift up a gear.
Articles & Analysis | Education reforms improving quality under way in Ras Al Khaimah from The Report: Ras Al Khaimah 2015
As an industrialised emirate with limited petroleum resources, Ras Al Khaimah has witnessed considerable economic diversification in recent years, driven in large part by government plans to equip the emirate with a knowledge-based economy that includes a profitable education sector.
Articles & Analysis | On the island: Further progress is expected on a major resort development from The Report: Ras Al Khaimah 2015
When three new hotels with a combined key count of 1440 opened on Al Marjan Island in 2014, Ras Al Khaimah’s new resort destination came to life. Indeed, developers hope to see the area grow substantially in the next few years as a mixed development of holiday homes, restaurants, bars, marinas and up to 20 hotels that will together make a...
Articles & Analysis | New hotels and developments bode well for Ras Al Khaimah's expanding tourism sector from The Report: Ras Al Khaimah 2015
In recent years, the tourism sector in Ras Al Khaimah has been enjoying a period of growth and profitability. In March 2015, a year after three new hotels opened, adding more than 1450 keys to the emirate’s hospitality sector, RAK’s Tourism Development Authority (RAK TDA) was able to report average occupancy levels of 70.31%, above the...
Articles & Analysis | Development and promotion in Ras Al Khaimah's tourism sector continues from The Report: Ras Al Khaimah 2015
The tourism industry hit a high note in 2014, with revenues surpassing Dh1bn ($272.2m) and the total number of overnight stays by guests growing by 72% over 2013 to reach 2.14m. As the government intensifies efforts to develop and promote the tourism sector, in line with Sheikh Saud bin Saqr Al Qasimi’s long-term vision for economic...